v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS (KILROY REALTY, L.P.) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member]
Revenues:      
Rental income $ 1,093,587 $ 1,118,115 $ 1,117,737
Other property income 19,080 17,514 11,957
Total revenues 1,112,667 1,135,629 1,129,694
Expenses:      
Property expenses 243,726 243,441 228,964
Real estate taxes 107,564 108,951 105,868
Ground leases 12,048 11,715 9,732
General and administrative expenses 73,108 71,074 94,264
Leasing costs 10,352 8,764 6,506
Depreciation and amortization 354,854 356,182 355,278
Total expenses 801,652 800,127 800,612
Other Income (Expenses):      
Interest income 6,970 37,752 22,592
Interest expense (126,292) (145,287) (114,216)
Other income (expense) 168 (992) 830
Gains on sales of depreciable operating properties 127,038 0 0
Impairment of real estate assets (16,259) 0 0
Gain on sale of long-lived assets 0 5,979 0
Total other expenses (8,375) (102,548) (90,794)
Net income 302,640 232,954 238,288
Net income attributable to noncontrolling interests in consolidated property partnerships (26,519) (21,985) (26,047)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 276,121 $ 210,969 $ 212,241
Net income available to common stockholders per share - basic ( in dollars per share) $ 2.33 $ 1.78 $ 1.80
Net income available to common stockholders per share - diluted (in dollars per share) $ 2.32 $ 1.77 $ 1.80
Weighted average common units outstanding - basic (in shares) 118,278,990 117,649,111 117,160,173
Weighted average common units outstanding - diluted (in shares) 118,832,035 118,156,987 117,506,255
Kilroy Realty L.P.      
Revenue, Product and Service [Extensible List] Service [Member] Service [Member] Service [Member]
Revenues:      
Rental income $ 1,093,587 $ 1,118,115 $ 1,117,737
Other property income 19,080 17,514 11,957
Total revenues 1,112,667 1,135,629 1,129,694
Expenses:      
Property expenses 243,726 243,441 228,964
Real estate taxes 107,564 108,951 105,868
Ground leases 12,048 11,715 9,732
General and administrative expenses 73,108 71,074 94,264
Leasing costs 10,352 8,764 6,506
Depreciation and amortization 354,854 356,182 355,278
Total expenses 801,652 800,127 800,612
Other Income (Expenses):      
Interest income 6,970 37,752 22,592
Interest expense (126,292) (145,287) (114,216)
Other income (expense) 168 (992) 830
Gains on sales of depreciable operating properties 127,038 0 0
Impairment of real estate assets (16,259) 0 0
Gain on sale of long-lived assets 0 5,979 0
Total other expenses (8,375) (102,548) (90,794)
Net income 302,640 232,954 238,288
Net income attributable to noncontrolling interests in consolidated property partnerships (23,837) (19,923) (23,964)
NET INCOME AVAILABLE TO COMMON STOCKHOLDERS (UNITHOLDERS) $ 278,803 $ 213,031 $ 214,324
Net income available to common stockholders per share - basic ( in dollars per share) $ 2.33 $ 1.78 $ 1.80
Net income available to common stockholders per share - diluted (in dollars per share) $ 2.32 $ 1.77 $ 1.80
Weighted average common units outstanding - basic (in shares) 119,428,865 118,799,685 118,310,747
Weighted average common units outstanding - diluted (in shares) 119,981,910 119,307,561 118,656,829